News

Please see all our latest news below about the law firm, its lawyers and legal developments that are important to you.

If you would like to read in more detail about recent legal cases then please click on the "Legal news" tab

Changes to inheritance tax announced in the 2015 budget - what do they mean? our lawyers explain

14/07/2015

Inheritance tax (IHT) does not begin to affect an individual’s estate until the value of his or her estate is over £325,000. Once an estate surpasses this value, the proportion of the estate above this nil-rate band becomes subject to IHT of 40%. The only exception to this is in the context of married couples and civil partners, whereby the nil-rate band threshold can be transferred. When this happens the survivor’s nil-rate band threshold doubles to £650,000. However, above this value the survivor’s remaining estate too becomes subject to IHT of 40%.

Read more >